The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-07
CONDITION OF THE MARKETS
Wheat Opens Weak, but Moderately Free
Buying Causes Slight Advance.
The Breaking of the Drought Results in Lively
Selling Of Corn-0ats Weak and Lower
Provisions Weak and Prices Lower.
MONEY, BONDS AND STOCKS.
A Feverish Market, Showing All Increase of
Strength Toward the Close.

A Feverlsh Market, Showing All Increase of
Strength Toward the Close.
NEW YORK, July 6--Money call
easy. ranging from / to per cent, the last loan
being made at 3, closing offered at per cent.
Prime mercantile paper, 5054 per cent.
Gterling exchange was dull but steady at
o. s21 for sixty-day bills and S. 833 for demand.
The total sales of stocks to-day were POP, 423
shares, including the following: Lake Shore,
1890; louisville g. Nashville. 16,100; Missouri
Pacific, $500; Northwestern, 1856 Northern
Pacific aisle: Northern Pacific preferred. 3, 352;
Oregon Transcontinental, 3,110 Pacific Mail.
Is, 995; Reading, A, 800; St. Paul, 34,720; ST.
Paul e. Omaha. 500; Union Pacific 4, 700;
Western Union. 41.90T
The temper Of ire street again bearish
this morning, and the stock market was fever
lsh, but generally weak throughout most or the
day. There was considerably more activity DIS
played than on yesterday. and the business was
much better distributed although the great bulk
of the trading done was monopolized by SIX or
eight stocks. story was circulated that the
efforts of the "bears" were principally directed
against one prominent OPERATOR which created
somewhat uneasy feeling The operators for o
decline lacked the aid of high rates for
money however, and late in the day a
much better feeling was developed and
the rallies became more important Consdera-
bic effect had upon the general list by the
weakness in cotton-seed oil certificates, in which
severaI~stop orders were uncovered and a de-
cline of nearly 5 points effected. In the gen
eral list Louisville & Nashville, Pacific Mail and
New England were most conspicuously weak
while Reading, which was queter than for sew
erat days past, was remarkably we'll held.
Western Union also dsp. aged marked strength
late in the day very good buying. Manhat-
tan broke per cent on sales of only 200 shares,
but the movements in the majority OF the re-
mainder were comparatively uuimportant The
opening somewhat irregular but generally
weak, though changes from yesterdays final
prices were for small fractions only. The mar
l. h,fo fTar fouv ai~ lfiaop
vances became decidedly weak throughout. with
Pacific Mail, New England and Louisville & Nash
Vile In the lead. There was q marked decrease
in the amount of business done all the rallies,
except that of the last hour. and after the first
hour tho movement in prices was less violent
although the feverishness continued 20 be a
marked characteristic of the trading. In the
afternoon, the strength displayed by Western
Union aided the better feeling developed in the
list, although New England again became con-
spicuousy weak. The market the last hour
showed increased strength. and the close was
steady to firm. though quiet, generally frac-
tional concessions from the opening figures AL
most the entire list is lower. Louisville q Nash
Vile and Canada Southern being the most con-
spicuous exceptions, but Manhattan and San
Francisco preferred lost 2. New England, !!
North western and Pacific Mail, each.
Railroad bonds were extremely dul The sales
to-day aggregated $736000 The market
heavy throughout the day, and final prices gen
orally chow declines
Chicago e. West Indiana general mortgages
fell "a to ITO; Ohio 81 Mississippi seconds, 3, to
ia
Government bonds were dull and heavy.
State bonds were neglected. Closing quota
tions